Morning Action @ 7 AM – Tuesday, August 19th 2025

# The Good News: Gift Nifty is comfortably in the green.

# Well, the trading theme revolves around US President Donald Trump who is seen arranging a meeting between Zelenskyy and Putin, followed by a trilateral meeting in which he would take part.

# Trump signaled that Ukraine should give up hopes of reclaiming annexed Crimea or joining NATO, aligning more with Moscow on pursuing a peace deal rather than a ceasefire.

# Meanwhile, White House adviser Peter Navarro criticized India’s purchases of Russian crude oil.

The US official says India’s import was giving Moscow ‘the dollars it needs’ as he accused New Delhi of cozying up to China and Russia.

# Bullish traders will still keep a close eye on the biggest headwind which remains on the backburner: Trump’s 50% tariff on India.

# Bottom-line: Nifty to hold Monday’s gains inspired by the big bang GST reforms buzz. Also, hopes remain that the Trump administration could postpone the deadline of August 27 for implementing the additional 25% tariffs against India.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty: (+27, 24990)
Dow Futures: (+7, 44919)
Nasdaq 100 Futures (+5, 23718)

Nikkei (+115, 43829)
Hang Seng (+64, 25241)

Dow Jones (-34, 44912)
Nasdaq Composite (+7, 21630)
Bovespa (+981, 137322)

# MARKET TRENDS:
Global cues: Positive
FII: (+550.85 crores)
DII: (+4103.81 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Rebound Play
F&O: 24000 - 25500 zone.

# INDIA VIX 12.34 (-0.12%)
# USD/INR Futures (Aug) (87.40)
# NIFTY PCR (28th Aug) 1.08
# Bank Nifty PCR (28th Aug) 0.72

# Nifty Outlook: Bullish consolidation and buy on dips theme should prevail as the probable GST Rate cuts is seen as final boost to consumption and growth signalled by Prime Minister Narendra Modi.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 24877):
SUPPORT: 24609/24333
RESISTANCE: 25025/25670
RANGE: 24750-25050
BIAS: Positive
21 DMA: 24764
50 DMA: 25018
200 DMA: 24049

SENSEX (CMP 81274):
SUPPORT: 80600/79772
RESISTANCE: 82000/82784
RANGE: 80800-81800
BIAS: Positive
21 DMA: 81144
50 DMA: 82016
200 DMA: 79213

BANK NIFTY (CMP 55735)
SUPPORT: 55200/54700
RESISTANCE: 56700/57100
RANGE: 55300-56300
BIAS: Positive
21 DMA: 55932
50 DMA: 56354
200 DMA: 52782

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# Wall Street mostly struggled for direction in Monday’s trade ahead of busy Fed Week:

1) The minutes from the July Fed meeting will be wired on Wednesday
2) Chair Powell will deliver a key speech at Jackson Hole on Friday.

# Gold prices ($3333 per ounce) traded rangebound were in consolidation mode as prospects of easing geopolitical tensions dulled the metal’s safe-haven appeal.

# WTI crude oil futures traded rangebound near the $63.3 a barrel following talks in Washington between US President Donald Trump and Ukrainian President Volodymyr Zelensky, coming after an inconclusive US-Russia summit in Alaska last Friday, August 15th.

# STOCK MARKET NEWS:

# Well, sentiments at our stock markets are likely to walk the tightrope between Trump’s higher 50% tariff on Indian goods and the newly optimistic traders amidst the big bang GST reforms buzz

# Technically speaking, Nifty’s downside appears limited at 24578 mark (Nifty’s 100 DMA).

# So, Nifty bears are likely to be at bay as long as 24578 support is held. Please note, the bears are likely to be everywhere on any close below 24336 mark (Last week’s low).

# Our call of the day suggests the benchmark Nifty is likely to remain underpinned by a confluence of 4-supportive factors:

1) The Modi Government is aiming to rationalize GST rates in just 2 slabs: 5% and 18%, probably by next September GST council meeting.

2) India’s Unemployment rate approaches record low at only 5.2% in July of 2025. (The low unemployment data clearly suggests that the Indian economy is resilient before the sharp increase in tariffs by the US.

3) The S&P Global Ratings had earlier upgraded India’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-’, the first upgrade since 2007.

4) The probability of a Federal Reserve rate cut in September remains above 90%.

# The two big catalysts this week:

1) All eyes will be on the Jackson Hole Symposium, as the street will watch the speech by US Federal Reserve Chair Jerome Powell scheduled on August 22.

2) The FOMC Minutes to be released on August 20.

# STOCKS IN SPOTLIGHT:

1) Vodafone Idea (+5%) was star outperformer, climbing after its Q1 result where it reported a wider loss in Q1 FY26 despite modest growth in revenue.

2) Alembic Pharmaceuticals (+0.60%) gained after the company has received final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Tretinoin Cream USP, 0.025%.

3) Electronics Mart India (+7%) spurts after the company announced the commencement of operations of a new multi-brand store under the 'Bajaj Electronics' brand.

4) Steel stocks like, JSW STEEL (+3.68%) and Tat Steel (+1.72%) traded firm on safeguard duty extension.

5) JK CEMENT (+4.2%) spurted on greenfield expansion.

# Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:

Nifty (24877): Buy at CMP. Stop at 24309. Targets 25000/25100. Aggressive targets at 25500-25670 zone.

Bank Nifty (55735): Buy at CMP. Stop at 54651. Targets 56150/56700. Aggressive targets at 57100 mark.

# Our chart of the day is bullish on NYKAA, DMART, JSW STEEL, SBI, and SUPREME INDUSTRIES on any early excessive intraday weakness with an interweek perspective.

# The 1 Stock to Buy Right Now: BUY SUPREME INDUSTRIES (CMP 4496): Buy at CMP. Stop at 4281. Targets 4651/4739. Aggressive targets at 5000. (Interweek Strategy). Rationale: Signaling a massive breakout on the upside. Enjoyed a strong session in yesterday's trade, up 4.61%. Key intraday support 4319. Major hurdles only at 4739 mark. 200-DMA at 4092.

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Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.